Rep. Mike Coffman (CO) made his debut appearance on the Daily Caller today with an piece on balancing the budget. Read an excerpt here:
Congress must adopt a constitutional amendment requiring a balanced federal budget. Our nation’s economic future may well depend on it. Today our national debt sits at more than $12 trillion. The president’s budget projects more than a $1.6 trillion shortfall this year. When you include all of the unfunded liabilities of paying for future entitlement spending the national debt looks more like $65 trillion. It is also projected that in the next 15 years our national debt will eclipse our gross domestic product, essentially bankrupting our government.
This is a bleak picture to say the least.
While these debt figures can be almost numbing, the bottom line is this: our nation is speeding toward a precipice of complete financial calamity. The only solution is to hold Congress’ feet to the fire and require that they, like every family and nearly every state in the country, have a balanced budget. We can no longer recklessly spend money we don’t have. If lawmakers are serious about fiscal responsibility, a constitutional amendment to balance the federal budget should be adopted.